NiftyFuture last close: 16958.35 (-1.3%)
On Monday, NiftyFuture was opened gap down and consolidated around 100 points
NF was opened 17005 then fell to 16950 again bounced to 17050 again fell up to 16875
Finally ended at 16958. NF did not break last Tuesday’s low
All index ended in red except bank index
Volatility index shot up 15% at settled around 21
Icicibank, Axisbank, Hdfcbank helped to lift the index
Hdfc twins which is helped to lift the Nifty50
Reliance was seen profit booking on April 25
Oil slumps 4% as Shanghai lockdowns stoke demand fears
LIC IPO likely to open on May 4, close on May 9
Elon Musk gets Twitter for $44 billion
Today’s result stocks Bajajfinance, Hdfclife, Kpittech and Aubank
FIIs net sold 3302 crore while DIIs net bought 1870 crore
US markets ended higher on April 25
Dow rose 0.7% while S&P500 gained 0.55% and Nasdaq climbed 1.29%
Asian markets traded mixed on Tuesday morning
As per open interest indicating Nifty 17200CE added more OI followed by 17300CE
17000CE and PE was ended equal OI on April 25
Which was indicated 17000 is a magic figure!!
NiftyFuture is facing a intraday resistance 17000, 17050 and 17130
If stays above 17130 will try to check 17200
On other side, NF considering a supports as 16930 and 16875
Below 16875, will try to check major support 16840 which was last Tuesday’s low
